This review deals with the Profetos Trading Cooperation crypto investment scam.
Profetos Trading Cooperation is a British company that is focused on investments in digital assets.
It offers several investment plans to the public with returns up to 1000% after 60 days, which is 500% per month.
Is Profetos a program that you can trust?
Table of Contents
Profetos scam
No, Profetos is not a program that you can trust because it is a scam. Even the basic investment plan with 9% daily is completely ridiculous, 270% per month is something completely unrealistic.
This is how you can uncover most investment scams,you don’t need any review, they offer ridiculous returns on investment, Profetos is one of them.
Illegal operation
Profetos Trading Cooperation is a company established in the UK, but as you can see on our picture, it is only a few days old.
What’s even more important is that the company is not authorized by the Financial Conduct Authority to provide investment services, so it is operating illegally. Money is not protected in any way with this investment program.
How it works
Profetos is a Ponzi scheme that will get money on deposits and maybe use some of it to honor initial withdrawal requests. This way it will try to attract more money and people into the system.
But no real economic activity is going on behind the scenes, they just play with money they get on deposits. So, the scheme is doomed to fail and it always is just a matter of time before such a program closes down.
Conclusion
Profetos is a scam, it has nothing to do with real investing, stay away from it!
Should you want to try crypto trading to make money, begin on a free demo account with a regulated broker.
If you later decide to trade with real money, be aware of the risks and proceed carefully.
